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The Bill Gates’ Prediction On AI and Displacement of Firms

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In the Igbo Nation, the elders will tell that stubborn young man that “anaghi agwa ochi nti na agha esu” [no one needs to tell a deaf person that war has broken out because everyone can see and notice that there is war]. In the world of AI, Bill Gates has dropped some words: “Google has owned all the search profits, so the search profits will be down, and their share of it may be down because Microsoft has been able to move fairly fast on that one.

“Whoever wins the personal agent, that’s the big thing, because you will never go to a search site again, you will never go to a productivity site, you will never go to Amazon again”.

“A decade from now, we won’t think of those businesses as separate, because the AI will know you so well that when you are buying gifts or planning trips, it won’t care if Amazon has the best price or if someone else has a better price, you won’t even need to think about it. I would be disappointed if Microsoft didn’t come in there. But I am impressed with a couple of startups”.

May we not be deaf in this evolving digital market. And the only way to show that we HEAR is to go and build, understanding that AI will redesign and transform markets and economies.

Bill Gates Predicts That AI Could Displace Google Search, Amazon, And Other Tech Giants

Bill Gates Predicts That AI Could Displace Google Search, Amazon, And Other Tech Giants

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Microsoft founder Bill Gates has predicted that given the speed at which Artificial Intelligence (AI) is being developed, it could displace Google Search, Amazon, and other big tech giants.

Gates, while speaking in a podcast on an episode titled “In Good Company”, hosted by Norwegian philanthropist Nicolai Tangen, said that Google’s huge revenue is likely to fall in the future because the company which he co-founded Microsoft has integrated AI into its products.

Gates stated that the first company to develop such a program will be the market leader and could potentially alter user behavior for good.

In his words,

“Google has owned all the search profits, so the search profits will be down, and their share of it may be down because Microsoft has been able to move fairly fast on that one. Whoever wins the personal agent, that’s the big thing, because you will never go to a search site again, you will never go to a productivity site, you will never go to Amazon again.

“A decade from now, we won’t think of those businesses as separate, because the AI will know you so well that when you are buying gifts or planning trips, it won’t care if Amazon has the best price or if someone else has a better price, you won’t even need to think about it. I would be disappointed if Microsoft didn’t come in there. But I am impressed with a couple of startups”.

Gates further predicted that the future winner of Artificial Intelligence would either be a startup or a tech giant.

His comment is coming after the company he co-founded Microsoft, earlier this month, unveiled an AI-powered version of its search engine, Bing, which sees it as a big challenger to Google’s dominance in the search engine space.

Microsoft has been working tirelessly lately, in making search more visual by introducing richer, more visual answers, including charts and graphs, and updated answer formatting. The company is also delivering these visual experiences in chat and has expanded the Bing Image Creator to support over 100 languages.

The company is also working towards making search more productive by offering features such as access to chat history and the ability to share and export. In addition, Microsoft Edge will soon have improved summarization capabilities for long documents, including PDFs and longer-form websites. Also, it plans to build third-party plugins into the Bing chat experience, turning it into a platform for developers.

Notably, Microsoft in collaboration with OpenAI, is committed to making this opportunity as accessible and consistent as possible for developers, believing that these types of skills can revolutionize search and advance opportunities for developers in the search domain.

Looking at the interesting features Microsoft has introduced to its AI-powered Bing, Google’s dominance for over two decades might likely be coming to an end, as the search space is being revolutionized.

Meanwhile, Google is hell-bent on maintaining its dominance as a search giant as it has also unveiled its AI chatbot Bard, the company’s experimental conversational AI service which is powered by  Language Model for Dialogue Applications (LaMDA). 

Google has described Bard as a “conversational AI service” that combines the depth of the world’s information with the power, intelligence, and creativity of its large language models to help deliver answers to inquiries. Similar to ChapGPT, Bard uses online information to give new, high-quality responses. 

Following the debut of OpenAI chatbot ChatGPT last year, the AI field has made tremendous strides. So many tech companies are incorporating AI tools into their products to enhance users’ experience.

Social Contracts with President-Elect Bola Ahmed Tinubu

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Since his declaration as the president-elect by the Independent National Electoral Commission (INEC), on different forums, people have expressed varied views about the electoral process that produced him. All in all, the views have been divided, at least on whether he has really fulfilled the “36 states and Federal Capital Territory” clause of the 1999 Constitution. Nevertheless, until the election tribunal and courts rule on the applications filed by the candidates of the People’s Democratic Party and Labour Party in the 2023 presidential election in Nigeria, Senator Bola Ahmed Tinubu of the All Progressives Congress will be sworn in as the new president on May 29, 2023.

As Nigerians prepare for his inauguration, it is critical to consider the principles of the social contract theory because consciously or unconsciously, opinions on digital platforms such as social media and in physical settings have been divided on whether he has the capacity to truly renew and fulfil the hopes of the majority rather than the few.

This theory posits that citizens enter into a contract with their government, relinquishing certain freedoms in exchange for protection, welfare, and the pursuit of common interests. To fulfil this social contract, the incoming administration must prioritise the needs and expectations of stakeholders, address key issues, and lay the foundation for a promising future. To achieve this, the incoming administration must demonstrate leadership, transparency, and a commitment to inclusive governance by focusing on strengthening democracy, revitalising the economy, ensuring security, promoting social welfare, and investing in infrastructure.

The government must prioritise policies that stimulate economic growth, attract investments, and create job opportunities to fulfil its responsibility to provide citizens with the means to improve their lives and contribute to national development.

The social contract requires the government to promote the general welfare of its citizens by investing in healthcare, education, and social services. This will ensure that no one is left behind in pursuit of a just and equitable society.

The administration must prioritise national security by addressing security challenges such as insurgency, banditry, and communal conflicts. Through effective collaboration with security agencies, regional partners, and investment in intelligence capabilities, the government can fulfil its duty to safeguard citizens’ lives and maintain peace and stability within the nation.

Through a careful analysis of over 1,000 tweets and sentiments shared by citizens, our analyst identified these key issues and needs that require the attention of the incoming administration. By addressing these concerns head-on, the incoming administration can build a foundation for progress, unity, and effective governance.

Our analyst reports that the tweets and sentiments shared by Nigerian citizens highlight their expectations and needs ahead of the presidential inauguration. By addressing the calls for transparent governance, a robust economy, enhanced security, improved social welfare, and infrastructure development, the incoming administration can lay the groundwork for a prosperous and inclusive Nigeria.

Our analyst notes that as stakeholders unite in their hopes for a brighter future, it is crucial for the government to heed their voices, demonstrate effective leadership, and work collaboratively towards building a nation that prioritises the well-being of its citizens. The inauguration serves as a significant moment to bridge gaps, foster unity, and embark on a transformative journey towards progress and prosperity.

LinkedIn News Features Our Piece on Semiconductors And The FASMICRO Vision

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Our piece on the semiconductor and microelectronics domain was featured by LinkedIn News editors, as they report on another huge project coming up in the United States: “Computer chip investment under the CHIPS Act includes a focus on research and development, and one firm, Applied Materials, is doubling down on Silicon Valley with a $4 billion R&D hub. “

Good People, many years ago, out of Johns Hopkins and leading designs in Analog Devices in Boston, I conceived First Atlantic Semiconductors and Microelectronics (FASMICRO). We acquired land off Factory Road in Aba and struck partnerships to build a microelectronics business in Nigeria. The vision was a chip business with a small microfabrication unit. As I progressed, it became clear that the real business is electricity!

That vision has not died but I cannot tell investors that I must raise money for generators before raising money to build a factory. If we follow that path, we cannot be competitive globally. So, that is why we now focus on programmable microprocessors and ASIC. This is the most important part of my Group as we own a key part of it in Africa, supporting schools, governments and companies.

Read LinkedIn piece here

Check Fasmicro on Intel website 

I love electronics right from junior secondary when I connected with electrons in Integrated Science. If Nigeria can provide decent electricity, as a platform for commerce, our future will evolve stronger.

Don’t Ever Underestimate That No Deposit Bonus… You Can Still Win Big!

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Dream big, players. No deposit bonuses may be thought of as a gimmick by some, but for others, they represent a real chance to win big. If you’re into the online gambling world then no deposit bonuses are simply not to be overlooked. It’s the bonus that gives you a kickback for not throwing down any money of your own to play. Sometimes it’s a $10 free bet on the football, 50 free spins on a new online slots game, or $5 to spend on the crypto of your choice. It might not seem like a lot but a little freebie can spiral into a big win on the odd occasion.

Online gambling, or gambling in general, really is not all about the money, but the entertainment factor it brings with it. Obviously, no one would ever pass up the chance of winning big. Even an extra couple of thousand Gs won’t hurt. And, believe it or not, that $10 no deposit bonus offer from NoDepositFan you might be underestimating may very well be your ticket to a surprisingly big win. Really and truly, you have nothing to lose by trying your luck.

Getting over the line 

That wagering requirement, though. Anyone who’s played with a no deposit bonus, match bonus, free spins bonus (or any bonus really) will know about that wagering requirement. Yes, lots of places have a wagering requirement that can be staggeringly high, especially when compared to the value of the no deposit bonus. To discover if it will be worth it for you to play out that no deposit bonus with the wagering requirement, do a few simple calculations to check how long it will take to play through.

While everyone is different as to the amount of time they’d like to dedicate to betting online, some bonuses may take 10 or more hours to complete. It’s up to you to decide what value you place on your own time, here, and if it will be worth it for you. Plenty of no deposit bonuses can be played out in just a few minutes, which is a more attractive option for those who are a bit time poor or would rather spend time on other activities.

Don’t overlook the deposit payout 

Online casinos have become more savvy over the years and put in place withdrawal limits for no deposit bonuses. What this means for you, as the player, is that any wins you receive over a certain amount will not be paid out. So, let’s say the online casino has imposed a withdrawal limit of $100. If you hit anything over this amount, you won’t be able to claim it. Unfortunately, that $9541 you just won? It doesn’t exist in real life. All you’ll be able to cash out is $100 and the internet glory.

No matter where you’re gambling; on sports betting, a Forex site, or a crypto casino, make sure that you take a look at the deposit payout before you go getting ahead of yourself and thinking you could win a million dollars. Take a look at places offering the highest withdrawal limits for their no deposit bonuses for your chance to win the biggest amount possible.

Weekly freebies? 

No deposit bonuses aren’t just for new players. At plenty of online gambling sites, you’ll get bonuses simply for coming back again and again. Like other online games, companies like to reward people to keep them coming back for more.

If you’re a member of a site or sign up for a service, make sure to keep those notifications on, check your emails, read the promo page for new bonuses, and make sure that you’re completing all the steps required to keep the freebies flowing.

While these little rewards may not seem like much at the time, just one big win could have the potential to give you a fairly hefty reward. A little bit of effort can go a long way and it doesn’t take much time at all to stay on top of what’s happening. Think about it like how you check in with your favorite YouTuber or Instagram account at least each week.

 A deposit to payout isn’t a net loss

Another common condition attached to cashing out a no deposit bonus win is that you have to make a deposit yourself to actually get that payout. But this isn’t always a net loss; plenty of times the deposit will be far less than the winnings. Again, do your calculations after reading all the terms and conditions and before betting to check whether it’ll be worth it for you. One person’s big win is another person’s slow day at the casino, so it’s all about personal context.